Rio Tinto agrees to buy Aurukun bauxite project from Glencore and Mitsubishi
Rio Tinto (ASX:RIO) has agreed to acquire the Aurukun Bauxite Project in Western Cape York, Queensland, from a joint venture involving Glencore and Mitsubishi Development. Financial terms were not disclosed; the deal remains subject to Queensland approvals.
Rio Tinto ASX:RIO has agreed to acquire the Aurukun Bauxite Project in Western Cape York, Queensland from a joint venture between London-listed Glencore LSE:GLEN and Mitsubishi Development, a company spokesperson said on Tuesday. Financial terms were not disclosed. The transaction remains subject to Queens…